Public-domain · open source

Tex. Occ. Code § 1101.603

PAYMENTS INTO TRUST ACCOUNT

Known as the The Real Estate License Act

The act spans §§ 1101.001 to 1101.806 (164 sections).

Applied in 1 court decision — leading case Texas Real Estate Commission v. Bayless (2012)

Most recently applied in Texas Real Estate Commission v. Bayless (April 2012)

Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff

(a) Repealed by Acts 2023, 88th Leg., R.S., Ch. 94 (S.B. 1577), Sec. 28(5), eff. January 1, 2024.

(b) Repealed by Acts 2015, 84th Leg., R.S., Ch. 1158 , Sec. 92, eff. January 1, 2016.

(c) Notwithstanding any other law, the commission shall deposit to the credit of the trust account an administrative penalty collected under Subchapter O.

(d) Repealed by Acts 2023, 88th Leg., R.S., Ch. 686 (H.B. 1363), Sec. 5(1), eff. September 1, 2023.

(e) Repealed by Acts 2023, 88th Leg., R.S., Ch. 94 (S.B. 1577), Sec. 28(5), eff. January 1, 2024.

(f) To ensure the availability of a sufficient amount to pay anticipated claims on the trust account, the commission by rule may provide for the collection of fees or assessments from an applicant for an original license or certificate of registration or from a license or certificate holder at the next renewal to credit to the trust account.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.